Capital One Credit Steps Program CLI

Capital One Credit Steps Program CLI

Hi Guys,

Like many of you out there -- I received the Capital One Credit Steps Program. I've heard so many mixed responses to their program. Here's a copy of my letter. What are the chances I'll receive my higher limit? When will I see my increase? It says after I make my first 5 payments I'll receive the CLI by my 7th. Seems a bit odd they don't tell you specifically. I'm about to pay my 5th payments and I'm curious if I'll see it then. Thanks for all your help!

Welcome to Capital One!®Your Welcome Kit informed you of your initial credit limit, but as a Capital One Preferredcardholder, you have been pre-qualified for a $750 credit line with Capital One CreditStepsSM. This is an automaticservice for new customers and an easy way to achieve more buying power.Simply follow these two steps:1. Use your card at least once.2. Make your first 5 monthly payments on time.That's it. Just complete these two steps and you could automatically get access to your pre-qualified credit line of $750 byyour 7th statement. That's how easy it is to get the extra power you need to fill up your gas tank, buy groceries, dine out...or just treat yourself!CreditSteps is another No Hassle way to take control of your financial future. If you have any questions about youraccount, please call Customer Service anytime at 1-800-955-7070 or visit us online at www.capitalone.com.Sincerely,P. Taylor JamisonDirector of AccountsP.S. Just remember, all it takes is two simple steps to receive a total pre-qualified credit line of $750. Get started today!

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FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.